Economy
MIDC has developed an industrial area within the limits of Kulgaon Badlapur Municipal Council. This area is reserved primarily for chemical industries. The area has been developed in different blocks and carved out while keeping in mind the needs of small scale and large scale industries. This has stimulated the economic growth of the city.
The majority of the city population is working middle class. Some people are also dependent on farming as a primary source of income. There are branches of many national banks including State Bank of India, Bank of Maharashtra, Canara Bank, Axis Bank, Punjab National Bank, IDBI Bank (previously known as United Western Bank), Bank of Baroda Bank of India and HDFC Bank. Five major banks, UTI Bank which is now renamed as Axis Bank, State Bank of India, Union Bank of India, Canara Bank and HDFC Bank are operating ATM facilities, providing access to all major cardholders.
Recently the place has made headlines in the news due to the steepest hikes in real estate properties in the locality. The reason find its root to an incident happened in 2011 when Sivarama Krishna K, the lion of Venukonda booked an apartment in the locality followed by many noted personalities including filmstars like Mahesh Babu have shown interests in buying properties there in the vicinity of Sivaram's apartment in the lap of scenic Ulhas River valley.
Banks In Badlapur With Address
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Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)